PC sales stabilize, although printer segment remains weak

HP Inc.’s revenue and earnings shrank in its most recent quarter, but the company showed signs of stabilizing its declining personal-computer business, its largest revenue generator.

The Palo Alto, Calif.-based company said its personal-systems revenue was flat in the latest quarter after five quarters of declines, with unit PC sales up 4%. Revenue fell 14% in its printing business—which generates most of HP’s profits—reflecting greater use of email and file sharing rather than printing documents.